The credit is 30% of the total costs up to a maximum of $600. However, the credit is a nonrefundable credit. Nonrefundable tax credits can reduce the amount of tax you owe, but they do not increase your tax refund or create a tax refund when you wouldn’t have already had one.
Your federal tax liability amount is found on Form 1040 (line 24).
To preview your 1040:
On the menu bar on the left,
- Select Tax Tools
- On the drop-down select Tools
- On the pop-up menu
- Select View Tax Summary
- On the left sidebar, select Preview my 1040
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